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Large-scale liquidations can indicate market extremes, like panic selling or buying.A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.Some traders say Powell’s comment may mark a local top, dampening expectations of a continued rally toward the end of the month.“Crypto markets may have entered a peak if a U.S.
globalintegra com 2024 for beginners ✌️【Part-Time Tasks】✌️Low risk, high returns! Invest ₹500 today and grow your wealth month by month.Bitcoin strategic reserve is no longer in play, as this promise helped to fuel the recent months' rally to new all-time highs, Nick Ruck, director at LVRG Research, shared with CoinDesk in a Telegram message.
“Although an interest rate cut would normally have a bullish reaction since it was largely expected, the market strongly reacted after Fed Chair Jerome Powell stated that inflation would be a continuing problem throughout the next year.”“Don't get shaken out of your positions if a drop occurs.
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